India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Indian Renewable Energy Development Agency Limited (IREDA) on March 30 said it has signed a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise external commercial borrowings (ECBs) worth ¥28 billion (JPY). The facility, arranged through SMBC's Singapore branch acting as mandated lead arranger and bookrunner, includes a greenshoe option of ¥12 billion. The borrowing is structured as a five-year unsecured loan, aimed at strengthening IREDA's funding base to support its r
New Delhi: In a move to bolster its funding capacity, IREDA is tapping overseas debt markets, securing long-term financing to support its renewable energy financing operations and future growth plans. IREDA has entered into a facility agreement with Sumitomo Mitsui Banking Corporation, Singapore Branch, to raise External Commercial Borrowings amounting to JPY 28 billion. The funding includes a Green Shoe Option of JPY 12 billion, giving the company flexibility to scale borrowing based on requirements. The borrowing is structured as a five-year long-term loan and will be unsecured in nature. ...Read More >
India Ratings and Research (Ind-Ra) expects credit growth to improve marginally in FY26 to 13-13.5 per cent, up from FY25 levels. However, the composition of loans is likely to shift, with a continued slowdown in lending to non-banking financial companies (NBFCs) and the retail segment. This decline is expected to be offset by a revival in private capital expenditure (capex), which would support growth in the corporate segment, the rating agency said. "A sustained improvement in system liquidity, coupled with reductions in the repo rate and cash reserve ratio (CRR), is expected to support nea ...Read More >
Leading player in the renewable energy sector, Servotech Renewable Power Systems Ltd on Monday said it has received an order from South Eastern Railway's Ranchi Division for setting up a 2.58 megawatt (MW) solar rooftop project. In a regulatory filing, the company said the scope of work includes design, manufacturing, supply, installation, testing and commissioning of on-grid rooftop solar photovoltaic (PV) systems of various capacities across multiple railway sites in the Ranchi Division. "The ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
Mumbai, November 26: The final allotment for the NTPC Green Energy IPO has been confirmed, and investors can now check their status through bank debit messages or online platforms such as the BSE, NSE, and Kfin Technologies. The shares of NTPC Green Energy, which opened for subscription on November 19 and closed on November 22, are set to be listed on the stock exchanges on Wednesday, November 27, 2024. The public offering received strong investor interest, with the issue oversubscribed by 2.42 times, according to the National Stock Exchange (NSE). Analysts maintain a positive long-term outlo ...Read More >
Tata Power is transitioning from a pure-play solar and wind company to become a force in the hybrid renewable energy market and is also ready to take part in nuclear power development in future, Chairman N Chandrasekaran said on Friday. He was addressing shareholders at the company's 106th Annual General Meeting (AGM). Sharing the future plans of the company, Chandrasekaran said, "The company is transitioning from being a pure-play solar and wind company to being a force in the hybrid renewable ...Read More >
Ahmedabad (Gujarat) [India], June 30 (ANI): Adani Green Energy Limited (AGEL) has achieved a significant milestone by surpassing 15,000 megawatts (MW) of operational capacity, specifically reaching 15,539.9 MW. According to the Adani group, this accomplishment marks the fastest and largest capacity addition in India to date. The operational portfolio includes ~11,005.5 MW of solar, ~1,977.8 MW of wind, and ~2,556.6 MW of wind-solar hybrid capacity. Also Read | TikTok Deal To Be Announced Soon in US? Donald Trump Says He Has Found a Group of 'Very Wealthy People' To Buy ByteDance-Owned App, I ...Read More >
Mumbai: The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives, according to a regulatory filing on the BSE. These contracts -- linked to the price of electricity -- will allow power generators, distribution companies, and large consumers to hedge against price volatility and manage risks more effectively. "The electricity derivatives contracts will enhance efficiency in the power market," MCX said in its filing. The launch marks the resolution of a long-standing jurisdictional tussle over the ...Read More >
Indian Renewable Energy Development Agency (IREDA) has entered into a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise an external commercial borrowing (ECB) amounting to ¥28 billion (~$175.37 million), including a greenshoe option of ¥12 billion (~$75.16 million), to strengthen its funding base and expand lending capacity. The proceeds from the facility will be utilized to support sustainable financing initiatives, in line with the company's focus on renewable energy and green projects. The facility is structured as a five-year unsecured loan with a bullet repayme ...Read More >
The Unchahar project has a BESS capacity of 50 MW/100 MWh, while the Solapur project will have 75 MW/150 MWh, the company said.Solarworld Energy Solutions Limited has secured two orders worth about ₹283 crore for Battery Energy Storage System (BESS) Engineering, Procurement and Construction (EPC) projects from NTPC Limited, the company said in a regulatory filing on Monday, March 30. The contracts relate to BESS implementation at two NTPC thermal power stations under "Lot-2" of the project. O ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
New Delhi, Apr 8 (PTI) Adani Group stocks were in the limelight on Wednesday, with Adani Total Gas and Adani Green surging over 13 per cent, in tandem with a sharp rally in the broader equity market. A US judge granted a request from billionaire Gautam Adani to schedule a hearing in efforts to dismiss a US Securities and Exchange Commission fraud case, which he says lacks necessary jurisdiction as well as fails on multiple reasons. This followed lawyers of Adani and his nephew, Sagar filing a plea seeking dismissal of the case. Shares of Adani Total Gas jumped 13.44 per cent, Adani Green zo ...Read More >
Suzlon Energy shares rose nearly 2% after securing its largest FY26 order -- an 838 MW wind project from Tata Power Renewable Energy. The deal spans Karnataka, Maharashtra, and Tamil Nadu, boosting Suzlon's order book and reinforcing its role in India's clean energy transition. Shares of Suzlon Energy jumped nearly 2% to hit an intraday high of Rs 59.29 on the BSE after the company announced that it has secured its largest order of FY26, an 838 MW wind power project from Tata Power Renewable Ene ...Read More >
Mumbai, Aug 14 (SocialNews.XYZ) Amara Raja Energy and Mobility Limited on Thursday reported a 34 per cent drop in its consolidated net profit for the April-June quarter (Q1 FY26), as profit after tax (PAT) stood at Rs 165 crore, compared to Rs 249 crore in the same period previous fiscal (Q1 FY25). Sequentially, however, profit inched up 2 per cent from Rs 161.57 crore in the March 2025 quarter (Q4 FY25), according to its stock exchange filing. Revenue from operations rose 4.2 per cent year-on-year (YoY) to Rs 3,401 crore, from Rs 3,263 crore a year earlier. On a sequential basis, revenue j ...Read More >
New Delhi, July 15 (SocialNews.XYZ) India's passenger vehicle sales crossed the one million mark in the April-June quarter (Q1) of 2025-26 with exports registering a double-digit growth, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday. "Passenger Vehicles, comprising utility vehicles and cars, saw their highest ever exports in Q1 of 2025-26 of 2.04 Lakh units, registering a growth of 13.2 per cent over Q1 of 2024-25," according to the SIAM statement. Export growth in this segment was driven by stable demand across most markets, with strong perfo ...Read More >
The car had a Maharashtra number plate. Luggage was tied to the roof of the vehicle, which made officials believe that a family had come from Maharashtra to visit Agra. A shocking and heartbreaking incident has come to light from the Taj Mahal complex in Agra, Uttar Pradesh. An elderly man was found unconscious and tied inside a locked car parked near the western gate. The incident has raised serious questions about human sensitivity and responsibility. According to Aaj Tak, the man had been locked inside the car for several hours. The extreme heat and humidity had made his condition critic ...Read More >
Mumbai (Maharashtra) [India], July 20 (ANI): Participants in the Indian stock markets will closely monitor ongoing tariff-related discussions, high-frequency indicators from both the US and India, two consecutive declines in foreign exchange reserves, and the earnings of companies. According to market analysts, the first trading day of the market will be crucial, as investors will react to the first-quarter results of heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank. Going ahead, Monday trading session will be crucial for the index as heavyweights like Reliance Industries, ...Read More >
New Delhi, Dec 16 (PTI) India is set for a power-packed presence at the World Economic Forum Annual Meeting in Swiss ski resort town of Davos next month with four union ministers including Ashwini Vaishnaw and Shivraj Singh Chouhan set to join five CMs and over 100 CEOs from the country. K Ram Mohan Naidu, Minister for Civil Aviation, and Pralhad Joshi, Minister for New & Renewable Energy, Consumer Affairs, and Food & Public Distribution, will also be part of the Indian delegation at the five-day annual meeting from January 18-24, while will held under the theme of 'a spirit of dialogue'. Th ...Read More >
Indian Renewable Energy Development Agency (IREDA) share price jumped over 5% to ₹114.89 apiece in Wednesday's trading session after the company reported strong Q4 business update. The company's outstanding loan book reached ₹93,075 crore at the end of the year, marking a 22% increase from ₹76,282 crore reported in the fourth quarter of the prior year. On March 30, IREDA announced that it had entered into a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to secure external commercial borrowings (ECBs) of ¥28 billion. The facility, structured through SMBC's Singapore branc ...Read More >
Guwahati (Assam) [India], June 6 (ANI): As part of an initiative by the Department of Forest and Environment, Assam Chief Minister Himanta Biswa Sarma on Thursday attended the World Environment Day event held at Srimanta Sankardev Kalakshetra in Guwahati. He flagged off 129 vehicles allocated to the Forest and Environment Department to support ongoing environmental protection efforts. He also launched a dedicated web portal and distributed arms to the commandos of three battalions of the Assam Forest Protection Force. CM Sarma said that, Assam in line with global observance, is marking Worl ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. Also Read | Stocks To Buy or Sell Today, July 18, 2025: Hitachi Energy India, NTPC, HCL Technologies Among Shares That May Remain in Focus on Friday. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fi ...Read More >
New Delhi, Sep 29 (PTI) The initial public offering (IPO) of logistics service provider Glottis Ltd got subscribed 42 per cent on the first day of bidding on Monday. The three-day IPO received bids for 84,69,402 shares against 2,01,23,929 shares on offer, according to NSE data. Qualified Institutional Buyers' (QIBs) portion attracted 1.79 times subscription while the quota for Retail Individual Investors (RIIs) received 22 per cent subscription. The category for non-institutional investors got subscribed 16 per cent. Glottis on Friday said it has mobilised a little over Rs 55 crore from anc ...Read More >
NTPC Green Energy (subsidiary of NTPC) announced the declaration of commercial operations of the following projects of its wholly owned subsidiary NTPC Renewable Energy: (i) The twelfth and the last part capacity of 78.02 MW out of 1255 MW Khavda-I Solar PV Project located in Gujarat, w.e.f. 31 March 2026. (ii) The sixth part capacity of 90 MW out of 1200 MW Khavda-II Solar PV Project located in Gujarat, 31 March 2026. The current commercial capacity of NTPC Green Energy Group stands at 9,907. ...Read More >
The Indian IPO market is witnessing a remarkable surge in preliminary filings, with 38 companies submitting papers to SEBI in March 2026, signalling robust issuer confidence and strategic regulatory compliance despite prevailing market volatility. Illustration: Dominic Xavier/Rediff.com Key Points A total of 38 companies filed preliminary IPO papers with SEBI in March 2026, a sharp increase from previous years, indicating improved issuer sentiment and regulatory considerations. High-profile comp ...Read More >
Mumbai (Maharashtra) [India], July 10 (ANI): Indian stock markets opened on a positive note on Thursday as investor focus shifted to the earnings season, amid a delay in the announcement of the India-US trade deal. The Nifty 50 index opened at 25,511.65, rising 4.55 points or 0.02 per cent, while the BSE Sensex saw a marginal uptick of 28.56 points or 0.03 per cent to open at 83,564.64. Also Read | Maharashtra: Girl Students of Classes 5 to 10 Made to Strip for Menstruation Check at RS Damani School in Thane; Principal Among 8 Booked. Experts stated that markets are still trading in a narro ...Read More >
Mumbai, July 17 (SocialNews.XYZ) Dairy company Heritage Foods Limited on Thursday reported a sharp decline in net profit for the first quarter of FY26, as the company posted a net profit of Rs 40.5 crore for the April-June quarter, down 30.7 per cent from Rs 58.4 crore reported in the same period previous year (Q1 FY25). The fall in profit came despite a 10.1 per cent year-on-year (YoY) growth in revenue, which rose to Rs 1,136.7 crore from Rs 1,032.6 crore in a year-ago period, according to its stock exchange filing. The company's margins were hit due to higher input and operational costs. ...Read More >
NEW DELHI: In a renewed effort to put economic pressure on Russia, the European Union on Friday unveiled a fresh package of sanctions, which includes lowering the price cap on Russian crude oil and sanctioning Nayara Energy Ltd, an India-based refinery linked to Russian energy giant Rosneft. This marks the first time the EU has imposed sanctions involving India, a country that has heavily relied on discounted Russian crude since the start of the Russia-Ukraine war in 2022. Nayara Energy Ltd, formerly known as Essar Oil Ltd, operates a 20-million-tonne-per-year refinery in Vadinar, Gujarat, an ...Read More >
VMPL Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled 'Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region' at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100% RE for Corporates & Industrial consumers in South India. Delivering the inaugural address, Shri G ...Read More >
New Delhi, Dec 12 (PTI) Nine of the 11 listed Adani Group stocks ended higher on Thursday, with Adani Green Energy surging over 6 per cent in an otherwise sluggish equity market. The stock of Adani Green Energy jumped 6.15 per cent, Adani Power surged 3.97 per cent, Adani Energy Solutions climbed 3.16 per cent, Adani Enterprises rose 2 per cent, Adani Total Gas shot up by 1.84 per cent, Adani Ports (0.90 per cent), Adani Wilmar (0.16 per cent), NDTV (0.14 per cent) and Sanghi Industries (0.06 per cent) on the BSE. Also Read | RRB JE Exam 2024 Admit Card Out at rrbapply.gov.in: Hall Ticket fo ...Read More >